Oversupply is not a word you would use for today’s real estate market, but there is one sector that may be tipping in that direction. The demand for senior housing has been going through somewhat of a lull, but that’s not expected to last very long.
It’s no secret. Baby Boomers are finally growing up. The boomer generation runs from 1946 to 1964, with the oldest boomers hitting retirement age 6 years ago. Those boomers are now 71 years old which is not generally old enough for senior housing. But as of 2015, there were some 75 million boomers, so there’s a huge number of them heading in that direction.
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